Highest growth for employer and personal super
Employer superannuation and personal super are projected to have the highest growth rates over the next 10 years, according to DEXX&R.
The research house's latest market projection report found total super accumulation phase funds under management (FUM) was projected to increase by an average annual growth rate of 6.8 per cent to $2.8 trillion at December 2025.
Self-managed super fund (SMSF) accumulation accounts were projected to hold $226 billion in FUM, and account for nine per cent of total assets in 2025, down from 13 per cent in 2015.
Employer super was projected to hold $378 billion of total assets in 2025, 16 per cent of total assets, up from 11 per cent in 2015.
Personal super accounts would hold $432 billion, 18 per cent of total assets, up from 15 per cent in 2015, and industry fund accumulation accounts would be at $821 billion in 2025, 34 per cent of total assets, up from 33 per cent.
The report also found retail and industry fund pension accounts were projected to have the largest growth over the next 10 years.
"With retail allocated pensions projected to hold $416 billion of total assets, 32 per cent of total assets in 2025, up from 24 per cent in 2015, and industry fund pension accounts to hold $141 billion in total FUM, 11 per cent of total assets in 2025, up from six per cent in 2015," it said.
"Public sector pension accounts [at] $155 billion, 12 per cent of total assets, up from nine per cent in 2015. A further $19 billion is projected to be held in annuities."
SMSF pension accounts were projected to hold $574 billion in FUM, 44 per cent of total assets in 2025, down from 60 per cent in 2015.
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